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Facebook's Libra probably won't help people without bank accounts - 0 views

www.theverge.com/...sfer-bank-problems-india-china

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shared by John Kiff on 27 Jun 19 -

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John Kiff on 27 Jun 19

The unbanked do not have bank account numbers and they may not have credit cards, either. They have cash. There's nothing in the Libra white paper about how Libra will lower fees to convert fiat cash into Libra, which is both the essential challenge of consumer banking and an explicit part of Libra's problem statement.

<div class="cArrow"> </div><div class="cContentInner">The unbanked do not have bank account numbers and they may not have credit cards, either. They have cash. There's nothing in the Libra white paper about how Libra will lower fees to convert fiat cash into Libra, which is both the essential challenge of consumer banking and an explicit part of Libra's problem statement.</div>

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If Libra Threatens Central Bank Power, that's Great - 0 views

www.aier.org/...central-bank-power-thats-great

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shared by John Kiff on 27 Jun 19 -

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John Kiff on 27 Jun 19

For hundreds of millions of citizens across the world, digital currencies like Bitcoin, Ripple, and potentially even the Libra don't pose a threat to financial stability. They offer an escape from chronic financial instability and high and variable rates of inflation that result from poorly managed government monies.

<div class="cArrow"> </div><div class="cContentInner">For hundreds of millions of citizens across the world, digital currencies like Bitcoin, Ripple, and potentially even the Libra don't pose a threat to financial stability. They offer an escape from chronic financial instability and high and variable rates of inflation that result from poorly managed government monies.</div>

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Swiss central bank asked to issue stock exchange digital currency - 0 views

www.swissinfo.ch/...45057590

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shared by John Kiff on 27 Jun 19 -

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John Kiff on 27 Jun 19

The Swiss stock exchange SIX wants the Swiss National Bank to issue a wholesale central bank digital currency to settle payments on its new digital securities trading platform. The SNB has been cool on retail CBDC, but the proposed SDX stablecoin would apply only to inter-banks payments.

<div class="cArrow"> </div><div class="cContentInner">The Swiss stock exchange SIX wants the Swiss National Bank to issue a wholesale central bank digital currency to settle payments on its new digital securities trading platform. The SNB has been cool on retail CBDC, but the proposed SDX stablecoin would apply only to inter-banks payments.</div>

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Binance Partners with Paxos for New Deposit Gateway - 0 views

www.paxos.com/-paxos-for-new-deposit-gateway

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shared by John Kiff on 27 Jun 19 -

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John Kiff on 27 Jun 19

Binance and stablecoin issuer Paxos announced a partnership to integrate a new deposit gateway on Binance.com that will allow traders to exchange fiat directly for PAX on the Paxos platform and benefit from the stablecoin's liquidity on the Binance exchange.

<div class="cArrow"> </div><div class="cContentInner">Binance and stablecoin issuer Paxos announced a partnership to integrate a new deposit gateway on Binance.com that will allow traders to exchange fiat directly for PAX on the Paxos platform and benefit from the stablecoin's liquidity on the Binance exchange.</div>

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Esperanto, money's interval of certainty, and how this applies to Facebook's Libra - 0 views

jpkoning.blogspot.com/...eys-interval-of-certainty.html

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shared by John Kiff on 26 Jun 19 - No Cached

John Kiff on 26 Jun 19

"I suspect that Libra is very much a work-in-progress. The current whitepaper seems to give only a hint of what the project might become. If so, one of the changes I suspect Facebook will have to make if it wants to get traction is to link the Libra network to already-existing units of account. A new unit of account is just too Utopian."

<div class="cArrow"> </div><div class="cContentInner">"I suspect that Libra is very much a work-in-progress. The current whitepaper seems to give only a hint of what the project might become. If so, one of the changes I suspect Facebook will have to make if it wants to get traction is to link the Libra network to already-existing units of account. A new unit of account is just too Utopian."</div>

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IBM, Orbs, ConsenSys Work Together On Global Blockchain Settlement Platform For Telecoms - 0 views

www.forbes.com/...ttlement-platform-for-telecoms

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John Kiff on 26 Jun 19

The ITW Global Leaders' Forum (GLF), which is a network of leaders from the world's largest wholesale carriers, announced Monday the launch of a blockchain-based platform. Known as the Communications Blockchain Network (CBN), this will revolutionize the ICT Service Provider industry's commercial settlement infrastructure, representing an opportunity worth billions to the global industry.

<div class="cArrow"> </div><div class="cContentInner">The ITW Global Leaders' Forum (GLF), which is a network of leaders from the world's largest wholesale carriers, announced Monday the launch of a blockchain-based platform. Known as the Communications Blockchain Network (CBN), this will revolutionize the ICT Service Provider industry's commercial settlement infrastructure, representing an opportunity worth billions to the global industry.</div>

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Facebook's Libra Could Give Dollar, Banks Some Welcome Competition - 0 views

www.wsj.com/...elcome-competition-11561552511

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John Kiff on 26 Jun 19

The payment system remains one of the last true monopolies of a modern economy. Financial technology startups and cryptocurrencies have all sought to bust up that monopoly. With its new digital currency, Libra, Facebook may actually succeed by doing what none others have: by creating a de facto central bank to issue it.

<div class="cArrow"> </div><div class="cContentInner">The payment system remains one of the last true monopolies of a modern economy. Financial technology startups and cryptocurrencies have all sought to bust up that monopoly. With its new digital currency, Libra, Facebook may actually succeed by doing what none others have: by creating a de facto central bank to issue it.</div>

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Buried in Facebook's Libra White Paper, a Digital Identity Bombshell - 0 views

www.coindesk.com/r-a-digital-identity-bombshell

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John Kiff on 26 Jun 19

Facebook's Libra white paper includes a brief but potentially seismic nod to digital identity standards. With 2 billion users worldwide, Facebook may be able to succeed where others have failed in jump-starting a globally accepted digital ID. Some identity experts say this is even more important than the cryptocurrency, but others question how much control Libra would give users and find its approach overbearing."

<div class="cArrow"> </div><div class="cContentInner">Facebook's Libra white paper includes a brief but potentially seismic nod to digital identity standards. With 2 billion users worldwide, Facebook may be able to succeed where others have failed in jump-starting a globally accepted digital ID. Some identity experts say this is even more important than the cryptocurrency, but others question how much control Libra would give users and find its approach overbearing."</div>

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What Indonesia Reveals About Facebook's Cryptocurrency Ambitions - 0 views

www.coindesk.com/als-about-facebooks-libra-plan

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John Kiff on 26 Jun 19

Facebook published plans for the Libra cryptocurrency in seven languages, including Indonesia's Bahasa - a move that offers perhaps the clearest glimpse of what Facebook's fintech ascent might look like.

<div class="cArrow"> </div><div class="cContentInner">Facebook published plans for the Libra cryptocurrency in seven languages, including Indonesia's Bahasa - a move that offers perhaps the clearest glimpse of what Facebook's fintech ascent might look like.</div>

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Square Rolls Out Bitcoin Deposits for Cash App to General Public - 0 views

cointelegraph.com/...for-cash-app-to-general-public

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shared by John Kiff on 26 Jun 19 -

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John Kiff on 26 Jun 19

Square Cash App users will now be able to deposit bitcoins from external wallets into their app bitcoin address. According to Square's announcement, deposits are limited to $10,000 worth of bitcoin in a seven day period.

<div class="cArrow"> </div><div class="cContentInner">Square Cash App users will now be able to deposit bitcoins from external wallets into their app bitcoin address. According to Square's announcement, deposits are limited to $10,000 worth of bitcoin in a seven day period.</div>

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Square Is Expanding Access to Bitcoin Deposits for Cash App Users - 0 views

www.coindesk.com/in-deposits-for-cash-app-users

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shared by John Kiff on 26 Jun 19 -

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John Kiff on 26 Jun 19

Payments company Square is rolling out bitcoin deposits for at least some users. Previously, users could purchase or sell bitcoin, as well as transfer the cryptos to another wallet.

<div class="cArrow"> </div><div class="cContentInner">Payments company Square is rolling out bitcoin deposits for at least some users. Previously, users could purchase or sell bitcoin, as well as transfer the cryptos to another wallet.</div>

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TrustToken is launching our first Asia-based stablecoin TrueHKD - 0 views

blog.trusttoken.com/ased-legacy-trust-dcc08dfa1cfc

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John Kiff on 26 Jun 19

TrueHKD is the first major expansion for TrustToken into the Asian market after launching TrueUSD, TrueGBP, TrueCAD, and TrueAUD with custody providers based in the US.

<div class="cArrow"> </div><div class="cContentInner">TrueHKD is the first major expansion for TrustToken into the Asian market after launching TrueUSD, TrueGBP, TrueCAD, and TrueAUD with custody providers based in the US.</div>

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Understanding #LIBRA and the upcoming implications in the Bank, Crypto and Payment indu... - 0 views

hackernoon.com/ayment-industries-84d1931bc7db

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John Kiff on 26 Jun 19

"This article is about: 1) Understanding the investors and people around this project, 2) Understanding the technology of Libra, and 3) Some possible future implications in Bank, Crypto and Financial industries.

<div class="cArrow"> </div><div class="cContentInner">"This article is about: 1) Understanding the investors and people around this project, 2) Understanding the technology of Libra, and 3) Some possible future implications in Bank, Crypto and Financial industries.</div>

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Humaniq for the Unbanked - 0 views

about.humaniq.com

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shared by John Kiff on 26 Jun 19 - No Cached

John Kiff on 26 Jun 19

Humaniq is a new generation financial services with its own cryptocurrency, which is aimed at eradicating poverty amongst millions of people living in the emerging economies.

<div class="cArrow"> </div><div class="cContentInner">Humaniq is a new generation financial services with its own cryptocurrency, which is aimed at eradicating poverty amongst millions of people living in the emerging economies.</div>

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Amun Launches Exchange-Traded Product Using Bitwise Crypto Index - 0 views

www.coindesk.com/uct-using-bitwise-crypto-index

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shared by John Kiff on 26 Jun 19 -

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John Kiff on 26 Jun 19

Swiss-based fintech firm Amun AG has released plans to launch a new exchange-traded product (ETP) that will use the Bitwise 10 Select Large Cap Crypto Index as a benchmark. This is the fifth ETP the Swiss SIX Exchange has permitted.

<div class="cArrow"> </div><div class="cContentInner">Swiss-based fintech firm Amun AG has released plans to launch a new exchange-traded product (ETP) that will use the Bitwise 10 Select Large Cap Crypto Index as a benchmark. This is the fifth ETP the Swiss SIX Exchange has permitted.</div>

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Regulators to Decide if the Crypto Stars Align for Libra - 0 views

www.capitaliq.com/...RenderArticle.aspx

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John Kiff on 26 Jun 19

"We expect that the evolution of payment infrastructure will accelerate. All actors are grappling with what is at stake. For governments and central banks, regulating this transformation will be a prerequisite to avoiding a possible privatization of monetary policy, and for banks and other financial services providers, keeping up with evolving customer preferences and further adjusting the pricing of payments and transfers appears unavoidable."

<div class="cArrow"> </div><div class="cContentInner">"We expect that the evolution of payment infrastructure will accelerate. All actors are grappling with what is at stake. For governments and central banks, regulating this transformation will be a prerequisite to avoiding a possible privatization of monetary policy, and for banks and other financial services providers, keeping up with evolving customer preferences and further adjusting the pricing of payments and transfers appears unavoidable."</div>

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Facebook, Libra and the threat it poses to government as we know it - 0 views

www.taxresearch.org.uk/...es-to-government-as-we-know-it

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shared by John Kiff on 26 Jun 19 -

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John Kiff on 26 Jun 19

"Facebook need not create a new bank. And it might avoid banking regulation. But its goal would still be achieved: the power of the state to manage the economy of a nation could be critically undermined in those places where it still exists by the existence of its currency. And, I would suggest this is precisely what the goal of this policy is.

<div class="cArrow"> </div><div class="cContentInner">"Facebook need not create a new bank. And it might avoid banking regulation. But its goal would still be achieved: the power of the state to manage the economy of a nation could be critically undermined in those places where it still exists by the existence of its currency. And, I would suggest this is precisely what the goal of this policy is.</div>

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Facebook's Libra may be quite attractive in developing countries - 0 views

theconversation.com/in-developing-countries-119206

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John Kiff on 26 Jun 19

Facebook's Libra cryptocurrency has taken a lot of criticism from Western government officials and media commentators - but it's not meant for them. A major target market for the Libra is users in developing countries.

<div class="cArrow"> </div><div class="cContentInner">Facebook's Libra cryptocurrency has taken a lot of criticism from Western government officials and media commentators - but it's not meant for them. A major target market for the Libra is users in developing countries.</div>

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How Tether is fueling this booming bitcoin bull run - 0 views

decrypt.co/...-this-booming-bitcoin-bull-run

Fintech CryptoAssets Bitcoin Tether

shared by John Kiff on 26 Jun 19 -

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John Kiff on 26 Jun 19

Over the past month, $600 million worth of "tethers," a cryptocurrency supposedly pegged to the dollar, have been minted into existence. Seemingly in tandem, Bitcoin's price has climbed up from $8,500 to $11,000. Are the two events connected?

<div class="cArrow"> </div><div class="cContentInner">Over the past month, $600 million worth of "tethers," a cryptocurrency supposedly pegged to the dollar, have been minted into existence. Seemingly in tandem, Bitcoin's price has climbed up from $8,500 to $11,000. Are the two events connected? </div>

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Parabolic Bitcoin Price Hits $13,000: The Cash Behind Bitcoin's 'Explosive' Run - 0 views

www.ccn.com/...26

Fintech CryptoAssets Bitcoin Tether

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John Kiff on 26 Jun 19

The vast majority of money moving into bitcoin is coming from Tether, a stable coin used by traders to hold crypto at a stable value.

<div class="cArrow"> </div><div class="cContentInner">The vast majority of money moving into bitcoin is coming from Tether, a stable coin used by traders to hold crypto at a stable value.</div>

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Fintech Daily Digest

Facebook's Libra probably won't help people without bank accounts - 0 views

If Libra Threatens Central Bank Power, that's Great - 0 views

Swiss central bank asked to issue stock exchange digital currency - 0 views

Binance Partners with Paxos for New Deposit Gateway - 0 views

Esperanto, money's interval of certainty, and how this applies to Facebook's Libra - 0 views

IBM, Orbs, ConsenSys Work Together On Global Blockchain Settlement Platform For Telecoms - 0 views

Facebook's Libra Could Give Dollar, Banks Some Welcome Competition - 0 views

Buried in Facebook's Libra White Paper, a Digital Identity Bombshell - 0 views

What Indonesia Reveals About Facebook's Cryptocurrency Ambitions - 0 views

Square Rolls Out Bitcoin Deposits for Cash App to General Public - 0 views

Square Is Expanding Access to Bitcoin Deposits for Cash App Users - 0 views

TrustToken is launching our first Asia-based stablecoin TrueHKD - 0 views

Understanding #LIBRA and the upcoming implications in the Bank, Crypto and Payment indu... - 0 views

Humaniq for the Unbanked - 0 views

Amun Launches Exchange-Traded Product Using Bitwise Crypto Index - 0 views

Regulators to Decide if the Crypto Stars Align for Libra - 0 views

Facebook, Libra and the threat it poses to government as we know it - 0 views

Facebook's Libra may be quite attractive in developing countries - 0 views

How Tether is fueling this booming bitcoin bull run - 0 views

Parabolic Bitcoin Price Hits $13,000: The Cash Behind Bitcoin's 'Explosive' Run - 0 views

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